Question: Bad Debt Deduction. Assume the same facts as in Problem I: 9 - 5 3 , except that Becky and Ken are not related and

Bad Debt Deduction. Assume the same facts as in Problem I:9-53, except that Becky and Ken are not related and that under the terms of the loan Ken agrees to repay Becky the $5,000 plus interest (at a reasonable stated rate) over a five-year period. What is Beckys bad debt deduction for 2024? For 2025?

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